Examples of Fractional Interests in a sentence
Any Event of Default by Borrower under the Loan Documents shall constitute an Event of Default under all Fractional Interests held by all Lenders.
Each Lender acknowledges that in the event of a Transfer of the Security Property, Servicer shall, in most circumstances, form a Transfer Entity to take title to the Security Property in accordance with Article 4 and Lenders will be required to assign their Fractional Interests to the Transfer Entity in exchange for a beneficial interest in the Transfer Entity equal to their Fractional Interest.
Additionally, in the event of a Transfer, the Lenders shall hold either a direct interest or a beneficial interest in the Security Property in accordance with their Fractional Interests.
Fractional Interests are being offered and sold without registration under the Securities Act of 1933, as amended, and in reliance upon the exemption from such registration requirements for intrastate offerings.
The Participating Tribe will identify those Fractional Interests within the Reservation that are priorities for potential purchase by providing the Buy-Back Program with a priority list by , 20 (“Tribal Priority Fractional Interests”).
It also provides a common understanding between the Buy-Back Program and the Participating Tribe regarding important goals, objectives, activities, products, services, and associated timetables necessary to acquire as many of the Fractional Interests as possible through collaborative implementation efforts.
It also provides a common understanding between the Buy-Back Program and the Participating Tribe regarding important goals, objectives, activities, products, services, and associated timetables necessary to acquire as many of the Fractional Interests as possible through cooperative implementation efforts.
Unless Lenders holding more than fifty percent (50%) of the Fractional Interests should object in writing and appoint another party, then, following the occurrence of a Transfer, Servicer shall be the Lenders’ exclusive property manager to manage the Property in a manner customary for property managers of properties similar to the Property.
The Participating Tribe may identify those Fractional Interests within the Reservation that are priorities for potential purchase by providing the Buy-Back Program with a priority list (“Tribal Priority Fractional Interests”).
The Participating Tribe may identify those Fractionated Tracts or Fractional Interests within the Reservation that are priorities for potential purchase by providing the Buy-Back Program with a priority list (“Tribal Priority Fractional Interests”) by no later than [DATE].